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Oct 4, 2012
10/12
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they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with positive job growth. he has to continue to press governor romney that he's not putting forth the specifics of how he would do the various things he promised. it is a choice right now between two alternatives. i think problem's is based on the reality of the decisions we must make together as a people if we want a better and stronger economy. don't miss lawrence o'donnell on msnbc, the place for politics. here is a look at other news. in south carolina, a violent attack caught on camera. a convicted robbery defendant surprised his public defender with a roundho
they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with...
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Jul 20, 2011
07/11
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the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in a trillion dollars in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with what he's been working on at the white house. republicans saying it has good elements. they want to take a very close look at this. that after republicans yesterday in the house passed their cap, cut and balance plan. it's pot expected to pass the senate as it moves forward today. president obama has already said he will not sign that $6 trillion plan. but there's still significant opposition here on capitol hill, but not across the country. a new nbc poll finds most americans want to see compromise here. >> so where exactly would the $4 trillion in cuts that tracie just mentioned come from? senator conrad, one of the gang of six, laid out the details last night. >> it's a comprehensive plan, fundamental tax reform, reform the entitlements, cut spending, both nondefense and defense in significant ways have about $4 tri
the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in a trillion dollars in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with what he's been working on at the white house. republicans saying it has good elements. they want to take a very close look at this. that after republicans yesterday in the house passed their cap, cut and balance plan. it's pot...
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Jun 24, 2011
06/11
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there are exactly two ways and two ways only to reduce the deficit. one, reduce spending. the other, increase revenue. you can increase revenue by raising rates, or by eliminating tax deductions and loopholes which will also raise revenue. the democrats and the republicans have had long discussions about spending cuts. they have discussed spending cuts in every area of the budget, which is not to say that they have agreed to spending cuts in every area of the budget. but they have discussed them. the democrats would now like to discuss revenue increases. and eric cantor's response to that is to refuse to do his job, to simply walk away. eric cantor is now refusing to even discuss with the vice president why he doesn't want to discuss taxation. after cantor's announcement, the only other republican in the budget talks, senator jon kyl, said he was pulling out too. kyl obviously realized that now that cantor revealed that the secret talks had turned to taxation, he could not continue to participate without violating what is now the 21st century republican commandment on taxa
there are exactly two ways and two ways only to reduce the deficit. one, reduce spending. the other, increase revenue. you can increase revenue by raising rates, or by eliminating tax deductions and loopholes which will also raise revenue. the democrats and the republicans have had long discussions about spending cuts. they have discussed spending cuts in every area of the budget, which is not to say that they have agreed to spending cuts in every area of the budget. but they have discussed...
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Nov 13, 2012
11/12
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the fiscal part of it, tend to associate fiscal problems with deficit. this will be a problem caused by too much deficit reduction too quickly. you got these debates is it a cliff, a curve? a slope? i don't think we know how quickly problems begin. what we do know it's a sufficient contraption, in 2013, within two months, if we don't solve it, we'll need to raise the debt ceiling, tip the country into a recession and the financial markets into chaos. with some confidence and certainty it's a crisis. austerity, we're worried about austerity too quickly. i'm trying as a journalist to give this thing a name of what's going to happen here. >> let's talk about what you written and the election in 2016 as it relates to austerity crisis. you write, there are a number of powerful republicans who would see their futures diamond by a grand bargain that credibly puts deficits on a downward trajectory. so, are you saying people like congressman paul ryan who has been a deficit hawk and campaigned on being a deficit hawk on the romney/ryan taicket do you think he wou
the fiscal part of it, tend to associate fiscal problems with deficit. this will be a problem caused by too much deficit reduction too quickly. you got these debates is it a cliff, a curve? a slope? i don't think we know how quickly problems begin. what we do know it's a sufficient contraption, in 2013, within two months, if we don't solve it, we'll need to raise the debt ceiling, tip the country into a recession and the financial markets into chaos. with some confidence and certainty it's a...
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Dec 15, 2010
12/10
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deficit it rattled world financial markets. as we reported on this news hour last week, cutting taxes by a trillion dollars will require borrowing hundreds of billions from other countries although the obama administration continues to keep secret the details of our debt to saudi arabia and other middle eastern countries. these countries, not others, buy our debt though we don't pay much on it in way of interest because it's considered a safe investment. america's credit has always gotten the highest rating. aaa. moody's, one of the top three u.s. rating companies releasing a new report the deal, if passed, could threaten moody's outlook on u.s. credit which would make foreign investors demand higher interest payments to keep buying u.s. debt in the future. how much does the u.s. rely on foreign countries buying our debt? tim gieithner pitched it to buyers in saudi arabia last summer, hillary clinton did the same in china last year. thanks to the tax cut deal, years from now our kids may have to pay more in interest on the mone
deficit it rattled world financial markets. as we reported on this news hour last week, cutting taxes by a trillion dollars will require borrowing hundreds of billions from other countries although the obama administration continues to keep secret the details of our debt to saudi arabia and other middle eastern countries. these countries, not others, buy our debt though we don't pay much on it in way of interest because it's considered a safe investment. america's credit has always gotten the...
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Sep 24, 2009
09/09
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or decease the deficit. congressional budget office, actually increased the deficit. was asked whether or not the house passed legislation, house regulation reined in the growth of health care cost it did not. it is imperative for us to do two things, one, rein in the growth of health care costs, two, reduce budget deficit. the legislation we are working on right now reduces the deficit by something like $50 billion over the next ten years and the ten years after that, by probably $1 trillion. so, that's what we need to be focused. >> i hear you but pardon me, i don't think you answered the question about whether you are concerned about raising taxes. are you concerned about raising taxes? >> most of the deficit -- most of the cost of this health care coverage is borne by finding efficiencies in the system. some of it is from new revenues, more in terms of finding efficienci efficiencies, less on revenues but a combination of both. >> to melissa's point, would you be willing to pass on new taxes in order to
or decease the deficit. congressional budget office, actually increased the deficit. was asked whether or not the house passed legislation, house regulation reined in the growth of health care cost it did not. it is imperative for us to do two things, one, rein in the growth of health care costs, two, reduce budget deficit. the legislation we are working on right now reduces the deficit by something like $50 billion over the next ten years and the ten years after that, by probably $1 trillion....
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Aug 1, 2011
08/11
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so, yes, deficit is still a problem. it's going to be for the long-term. when we started the last congress, we found ourselves in a hole that the country's never seen before. we lost eight million jobs with bush administration. to show the difference president clunt created 23 million jobs -- president clinton created 23 milliojobs. we had a surplus when he took office of $7 trillion. we're now because of unpaid for wars and unpaid talks and drug programs we're now $14 trillion. we have to do a lot more on deficit reduction. >> senator reid, the joint committee -- >> pardon me? >> the joint committee there's been some concern to the left and right, do you have any ideas as to who you'd like to see on the committee, if not, what's the time line -- >> senator mcconnell and i have talked very briefly about this. i'd be interested to see what ideas he has for his own people. the decision is totally his. i'm going to make that decision at a subsequent time. i have two weeks to do it after this bill is passed. and it's extremely important that i pick people who
so, yes, deficit is still a problem. it's going to be for the long-term. when we started the last congress, we found ourselves in a hole that the country's never seen before. we lost eight million jobs with bush administration. to show the difference president clunt created 23 million jobs -- president clinton created 23 milliojobs. we had a surplus when he took office of $7 trillion. we're now because of unpaid for wars and unpaid talks and drug programs we're now $14 trillion. we have to do a...
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Feb 15, 2011
02/11
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, we have huge deficit problems, what do you say to that? >> the best way to solve the deficit is create jobs now that means massive investments in our infrastructure. that will pay for itself in the long term, but more importantly we need to define this better. it is simply just not true that all attempts to deal with the deficit are created equal. we've heard a lot from president obama recently in the context of egypt about how self-determination in a democracy is important, the will of the people must govern. guess what? overwhelmingly, rep, and democratic people say no cuts to social security, no cuts to medicare, no cuts to medicaid, but do you know what that bipar san consensus does support? cutting bush tax cuts for the wealthy, cutting wasteful military, taxing wall street more? we have bipartisan consensus in the country, we just have to stop retaining the idea that these ideas are bad. we need president obama to finally face up. >> so, look, it drives me crazy, because the consensus in washington is exactly the opposite of is the c
, we have huge deficit problems, what do you say to that? >> the best way to solve the deficit is create jobs now that means massive investments in our infrastructure. that will pay for itself in the long term, but more importantly we need to define this better. it is simply just not true that all attempts to deal with the deficit are created equal. we've heard a lot from president obama recently in the context of egypt about how self-determination in a democracy is important, the will of...
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Jul 31, 2011
07/11
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the parties largely agree on, about $1 trillion in deficit reduction. the second stage is going to be the trickier area of entitlements and tax reform. >>> welcome to this special edition of msnbc on this sunday here
the parties largely agree on, about $1 trillion in deficit reduction. the second stage is going to be the trickier area of entitlements and tax reform. >>> welcome to this special edition of msnbc on this sunday here
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Jul 18, 2011
07/11
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they all piled on to the deficit. don't fix the deficit on the backs of the most vulnerable americans. >> david cote, what about corporations and taxes? we hear about the need to lower tax rates, but then you have companies that aren't paying taxes at all. >> well, if you wanted the most dynamic jobs-creating economy in the world, you would have a 0% corporate tax rate. however, nobody can stand that, because in our pursuit of fairness, we actually hurt the very people we're trying to be fair to. so, if we say, all right, what we need to do is, in the pursuit of fairness, attach some kind of tax rate, you should make it the most simple, easy-to-do thing possible, and that's why i think the simpson/bowles commission, i think we got it right, as we said take it away for everybody. all the exclusions, all the exemptions, take it away for everybody so you broaden the base and significantly lower the rates. >> yes. >> you can get an increase in taxes and everybody's going to be happy, and corporations will also get territo
they all piled on to the deficit. don't fix the deficit on the backs of the most vulnerable americans. >> david cote, what about corporations and taxes? we hear about the need to lower tax rates, but then you have companies that aren't paying taxes at all. >> well, if you wanted the most dynamic jobs-creating economy in the world, you would have a 0% corporate tax rate. however, nobody can stand that, because in our pursuit of fairness, we actually hurt the very people we're trying...
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Aug 3, 2011
08/11
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>> at 12:30 eastern today, august 2, the senate passed the largest deficit reduction bill in history. the only reason the bill could pass the senate is that it happened to include one sentence that raises the nation's debt ceiling. shortly after, president obama signed the bill into law, thus avoiding a debt default that would have been catastrophic for an already fragile economy. with an immediate disaster averted, the president looked ahead to what's next, reaching an agreement for an additional $1.5 trillion in deficit reduction before the end of the year, while somehow simultaneously focusing on jobs. >> since you can't close the deficit with just spending cuts, we'll need a balanced approach where everything's on the table. yes, that means making some adjustments to protect health care programs like medicare so they are there for future generations. it also means reforming our tax code so that the wealthiest americans and biggest corporations pay their fair share. that's the principle i'll be fighting for during the next phase of this process, and in the coming months i'll contin
>> at 12:30 eastern today, august 2, the senate passed the largest deficit reduction bill in history. the only reason the bill could pass the senate is that it happened to include one sentence that raises the nation's debt ceiling. shortly after, president obama signed the bill into law, thus avoiding a debt default that would have been catastrophic for an already fragile economy. with an immediate disaster averted, the president looked ahead to what's next, reaching an agreement for an...
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Apr 13, 2011
04/11
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he has cuts in ent[tlement and deficit spending. he's not making seniors and middle class pay for all these cuts. >> of course i disagree with everything he said. if you look at this president, this president has added more to the deficit than what george bush and frankly the other 43 presidents of the united states added to the debt. this president and speaker pelosi and reed put nearly $5 trillion to the national debt. for them to talk about fiscal responsibility and their inheriting the center, that's extreme. the extreme thing we need right now is to have an honest dialogue and discussion. that takes cutting social security program, medicare, medicaid, all entitlements should be on the table, all spending be on the table. for democrats to run around and saying we're trying to put this on the back of middle class and seniors is absurd. we need to cut taxes and reign in spending and the president needs to be very specific today. >> i think most americans want to know fiscal responsibility is a goal and not a catch phrase. thanks f
he has cuts in ent[tlement and deficit spending. he's not making seniors and middle class pay for all these cuts. >> of course i disagree with everything he said. if you look at this president, this president has added more to the deficit than what george bush and frankly the other 43 presidents of the united states added to the debt. this president and speaker pelosi and reed put nearly $5 trillion to the national debt. for them to talk about fiscal responsibility and their inheriting...
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Jan 26, 2010
01/10
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he's not worried about the federal budget deficit. the woman that's waiting tables in a small diner in a small town who doesn't have any health insurance, has got a sick kid at home? i don't think she's worried about the federal budget deficit. how in the world did this administration lose control, total control, of the message? the deficit is not the real big concern right now to american families. they know about it. they care about it. but what's number one, what's number two, what's number three? it's about jobs. it's about health care. and who has the guts to pass it? i just hope that this administration doesn't lose focus and hasn't lost the guts and the nerve and the political ear that brought them to power. the state of the union, i think tomorrow night, is about two things -- jobs and making sure the people watching, the 90 million people who are watching, can answer this question when it's over with. i think the democratic party and president obama, they're looking out for me, i'm in the middle class and i think they have th
he's not worried about the federal budget deficit. the woman that's waiting tables in a small diner in a small town who doesn't have any health insurance, has got a sick kid at home? i don't think she's worried about the federal budget deficit. how in the world did this administration lose control, total control, of the message? the deficit is not the real big concern right now to american families. they know about it. they care about it. but what's number one, what's number two, what's number...
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Feb 24, 2011
02/11
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we have a huge jobs deficit. i still think that's issue number one. but like you said if you look at the jobs that have grown over the past year, we're definitely seeing a problem, that it's mainly middle wage and lower wage industries that are coming back. and in fact, lower wage industries account for half of the job growth last year. at the top, we're totally missing the higher wage sectors. they only accounted for 14% of growth. >> do people need to recalibrate their expectations, though? because for people that have been out of work, and i've been there i know what it's like. it's tough. but you have to get back in the game and you have to sometimes lower your expectations. but still perform to the great level that you performed at before. >> right. and you know you see a lot of anecdotes of this and folks have ratchet down, maybe an office manager before, now they have to start as a home health aide again. what i emphasize, it's not just jobs play pay low wages it's over what's your career going to look like. if you're in retail it's hard to bui
we have a huge jobs deficit. i still think that's issue number one. but like you said if you look at the jobs that have grown over the past year, we're definitely seeing a problem, that it's mainly middle wage and lower wage industries that are coming back. and in fact, lower wage industries account for half of the job growth last year. at the top, we're totally missing the higher wage sectors. they only accounted for 14% of growth. >> do people need to recalibrate their expectations,...
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Nov 13, 2012
11/12
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so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the the last week has really changed a great deal. i think they recognize, even if obama doesn't recognize and even if most centrist democrats don't recognize it, they hold all the cards here. >> so who's the god you're referring to there? >> grover norquist? i'd say it's more a collection of dayties who said the first -- >> but that's the point. republican leaders and some republican thought leaders might be coming around that we have a deal here. but the reason for the past two decades can be traced back to 1990 with george bush sr. put a tax hike deal together with democrat
so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the...
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Feb 19, 2013
02/13
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simpson-bowles rolled out a detailed plan to cut the deficit by $2.5 trillion. it would be 3-1 cuts to taxes. >> they can scoff all they want but either get your country on course and forget the fact you're a democrat or a republican and get to be an american and get cracking! >> the truth is both camps have got to get out of their comfort zone and got to make these tough decisions. naeed the ea they made the easy ones and now have to make the critical ones. >> is this something you would support or could use as a starting point? >> we need to use it as a starting point. i'm not telling you that it's perfect. you know? i don't think, you know, senator simpson walked down from the mountain with all of the solutions. i think we need to sit and starting talking about this as opposed to to posturing. whether the president invites a republican or knows his name? these are absurd postulations. we can't grow the economy when people don't know what it looks like. >> you're on the subcommittee on immigration and huge outrage from the republicans about the leak of those d
simpson-bowles rolled out a detailed plan to cut the deficit by $2.5 trillion. it would be 3-1 cuts to taxes. >> they can scoff all they want but either get your country on course and forget the fact you're a democrat or a republican and get to be an american and get cracking! >> the truth is both camps have got to get out of their comfort zone and got to make these tough decisions. naeed the ea they made the easy ones and now have to make the critical ones. >> is this...
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Aug 1, 2011
08/11
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that being said, my concern here is that we continue to grow the deficit and the debt. if we continue to spend the way we have been, our children, my children, your children won't be able to afford the debts that we are piling up on them. >> what do you say to the american people who say, you know what, and you just mentioned it, you were elected to do a job and you as a whole in congress did not do your job? nothing gets done without a deadline. what do you say to america right now? >> you know what, imas frustrat frustrated as everyone else. i wish we could do it differently. unfortunately, that's how the congress works right now. this isn't new. it is not like this debt ceiling sprung up on us and we didn't see it coming. unfortunately, we can't get a deal done unless there is a hard stop. that's just way it works. i would like to say this. if people who are watching are serious about wanting to cut spending, i have a plan on the table that cuts 1% a year for si six years and ends up cutting $7.5 billion. it is called the penny plan. it is ease why i to understand an
that being said, my concern here is that we continue to grow the deficit and the debt. if we continue to spend the way we have been, our children, my children, your children won't be able to afford the debts that we are piling up on them. >> what do you say to the american people who say, you know what, and you just mentioned it, you were elected to do a job and you as a whole in congress did not do your job? nothing gets done without a deadline. what do you say to america right now?...
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Feb 8, 2010
02/10
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if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit without reforming the entitlement programs, medicare, medicaid, social security. and it doesn't have to be a crisis. this is something that can be handled. but one of the things i talk about in my book, one of the lessons that just hit me right between the eyes being in washington, is it's very, very difficult to get congress to act on anything that's big and difficult and controversial if there's not an immediate crisis. and so what it's going to take to get leaders on both sides to come together and deal with this i think is a huge question. >> dr. greensp
if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit...
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Aug 5, 2011
08/11
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that deficit reduction super committee is to consider all ways, all ways to reduce the deficit, including increases in tax revenue. speaker john boehner has 239 republican members to choose from in the house to appoint to that super committee, but 233 of them have already signed grover norquist's pledge to never raise taxes in any way, including by closing loopholes. republican senate leader mitch mcconnell has 46 republican senators to choose from for his three picks for the super committee, but 39 of them have signed grover norquist's pledge, which is making grover norquist feel pretty good about what the committee will do. according to the hill, norquist has already been assured by the right people that house speaker john boehner and senate minority leader mitch mcconnell will not choose anyone willing to give ground on raising taxes, and he is confident enough to leave town for the august vacation. this leaves senate majority leader harry reid wondering out loud what he should do. he told politico, so what does that leave the committee to do? should pelosi and i just not appoint and w
that deficit reduction super committee is to consider all ways, all ways to reduce the deficit, including increases in tax revenue. speaker john boehner has 239 republican members to choose from in the house to appoint to that super committee, but 233 of them have already signed grover norquist's pledge to never raise taxes in any way, including by closing loopholes. republican senate leader mitch mcconnell has 46 republican senators to choose from for his three picks for the super committee,...
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Apr 13, 2011
04/11
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nation's mounting deficit. before the president makes it to the podium, republicans are already attacking. we go to tracy potts in washington. >> reporter: good morning. the president is due to meet with a small group of democrats and republicans before giving that speech today. the white house pretty mum on details. but hinting that he may include in his plan a tax increase, something that republicans are already pushing back at. keep in mind, back in december, the white house adwreed to keep taxes low for everyone including the wealthy in order to get unemployment benefits. they promise to revisit that issue this year. now, as i said, republicans already pushing back on this idea. house speaker john boehner calls it unacceptable. mitch mcconnell said that you can't tax your way out of debt. whether republicans may use this issue as more leverage in dealing with the debt limit. it would be after we hit that limit. >> tracy potts in washington. >>> in washington, long list of reasons why lawmakers and pundits s
nation's mounting deficit. before the president makes it to the podium, republicans are already attacking. we go to tracy potts in washington. >> reporter: good morning. the president is due to meet with a small group of democrats and republicans before giving that speech today. the white house pretty mum on details. but hinting that he may include in his plan a tax increase, something that republicans are already pushing back at. keep in mind, back in december, the white house adwreed to...
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Dec 16, 2010
12/10
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cares about the deficit, almost without exception. it is a way of talking about other things that right now polls well. so you have to kind of like penetrate the rhetoric of the deficit and every time you hear the word, figure out what the person is really talking about. because in most cases, in nine times out of ten times, it's not actually about the deficit and debt, it's about going after medicare or social security or other anxieties about declining u.s. influence. the other thing to say here, china owns, $4 trillion of our debt is held by foreigners and a quarter of that is china. china is buying more and more of our debt as we issue more, but most of the debt is held by americans, and the big secret is most of it is held by wall street. it's in the big banks. it's in pension funds and in the big banks. and they're the ones that are actually driving this train much more than china is. >> let me turn again to this congressman defazio quote out of "the hill," where obama is saying if he doesn't get this, it's the end of his presid
cares about the deficit, almost without exception. it is a way of talking about other things that right now polls well. so you have to kind of like penetrate the rhetoric of the deficit and every time you hear the word, figure out what the person is really talking about. because in most cases, in nine times out of ten times, it's not actually about the deficit and debt, it's about going after medicare or social security or other anxieties about declining u.s. influence. the other thing to say...
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Aug 1, 2011
08/11
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anyway, get a wod in. >> british deficit reduction, actually we dealt with our deficit, might have stagnated growth. we're not america. that is what -- >> 180 degrees. >> 7.7 -- in the uk and still small growth there. >> tim just said you still have the king and queen and all that stuff. >> i know, but, hey, what more do you want. >> we'll take a break. >>> straight ahead, the progressive agenda left out to say the least in this deal. progressives steaming at this last-minute deal, and a little electoral manipulation for the president. kick the can beyond the election. what does senator bernie sanders think about this kind of deal making. >>> also, blowing their top. the tea party is mad as hell and with the injustice in this country, you can understand why, but does burning yourself in the town square and taking everyone with you accomplish anything constructive? >>> plus -- whether you like it or not, the facts, the arithmetic, doesn't lie. what wall street's performance proves about the real prosperity problems facing our country. [ male announcer ] in america, we believe anyone can be a
anyway, get a wod in. >> british deficit reduction, actually we dealt with our deficit, might have stagnated growth. we're not america. that is what -- >> 180 degrees. >> 7.7 -- in the uk and still small growth there. >> tim just said you still have the king and queen and all that stuff. >> i know, but, hey, what more do you want. >> we'll take a break. >>> straight ahead, the progressive agenda left out to say the least in this deal. progressives...
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Nov 14, 2012
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and reducing our deficit in a balanced and responsible way. now on this last item, we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday i had a chance to meet with labor and civic leaders for their input, today i'm meeting with ceos of some of america's largest companies. and i'll meet with leaders of both parties of congress before the week is out because there's only one way to solve these challenges and that is to do it together. as i've said before, i'm open to compromise and new ideas. and i've been encouraged over the past week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we're going to be serious about reducing the deficit. because when it comes to taxes, there are two pathways available -- option one, if congress fails to a
and reducing our deficit in a balanced and responsible way. now on this last item, we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday i had a chance to meet with labor and civic leaders for their input, today i'm meeting with ceos of some of america's largest...
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Aug 3, 2010
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that you're blowing in the deficit -- $3 trillion that you're blowing in the deficit by extending the tax cuts? >> why can't we keep tax rates where they are today? this is the whole washington mindset. >> the palin-boehner argument is that cutting taxes would let small business owners create jobs and taxes on those salaries will make up for the tax cuts. mr. boehner is right about opposition to this theory being a washington mindset. the reagan-appointed former chairman of the federal reserve said flat out yesterday that tax cuts do not pay for themselves. when he was asked whether he would let them all expire. >> you're saying let them all go. let them all lapse. >> look, i'm very much in favor of tax cuts, but not with borrowed money. and the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. and my view is i don't think we can play subtle policy here. >> you don't agree with republican leaders who say tax cuts pay for themselves? >> they do not. >> what other washi
that you're blowing in the deficit -- $3 trillion that you're blowing in the deficit by extending the tax cuts? >> why can't we keep tax rates where they are today? this is the whole washington mindset. >> the palin-boehner argument is that cutting taxes would let small business owners create jobs and taxes on those salaries will make up for the tax cuts. mr. boehner is right about opposition to this theory being a washington mindset. the reagan-appointed former chairman of the...
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Jul 9, 2010
07/10
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part of deficit problem is because of bush tax cuts. let's take a little bit of that back and make the system a little bit more fair and we can all win in this process. >> one way that you have a big impact is in elections and with union money and those that support the economy, tom donahue was on the daily rundown with chuck and savannah. and this is what he had to say about the business expenditures and union expenditures in the aftermath of the supreme court decision on campaign financing. let's watch. >> you don't think that those guys are going to try this in a lame duck session in some form or fashion, you don't realize that the union spent $450 million in the last election and committed to extraordinary amounts of money in this election. >> i think the statistics show the unions spend almost $25 million since the supreme court decision. he says that business is trying to keep with you all. >> they outspend us 13 to 14 to 1. he never had to worry about penny pinching when it comes to his budget. my good friend is the third highest
part of deficit problem is because of bush tax cuts. let's take a little bit of that back and make the system a little bit more fair and we can all win in this process. >> one way that you have a big impact is in elections and with union money and those that support the economy, tom donahue was on the daily rundown with chuck and savannah. and this is what he had to say about the business expenditures and union expenditures in the aftermath of the supreme court decision on campaign...
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Jan 11, 2010
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they can't run deficits, they have these constitutional mandates to balance their budgets. and all of these big states are going to get hit. the thing is when you're hearing about school days getting shorter, when you hear about school years getting shorter, boy, that is just politically so unpopular. you can see how the pressure gets applied to washington, to congress, and it's not going to be popular but they are going to feel they have no choice. >> andrea, it's 2010, a lot of people are looking up saying government isn't working. that's what barack obama ran on. >> so you not only have the change hasn't worked, in the perceptions of a lot of people with this high unemployment, and the real unemployment rate many say is 17.3%, people who have given up trying to get jobs. that's even worse. but that there's a whole anti-incumbent ferver out there. so the democratic party is facing the reality that in 2010 if it doesn't start to change, they are going to feel the anger, the anger that the tea party advocates epitomize. >> watching your interview with governor schwarzenegge
they can't run deficits, they have these constitutional mandates to balance their budgets. and all of these big states are going to get hit. the thing is when you're hearing about school days getting shorter, when you hear about school years getting shorter, boy, that is just politically so unpopular. you can see how the pressure gets applied to washington, to congress, and it's not going to be popular but they are going to feel they have no choice. >> andrea, it's 2010, a lot of people...
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Nov 9, 2012
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washington is obsessed with the deficit but the deficit wasn't the first issue that he talked about. the first issue he talked about was creating jobs and the programs that he wants to push through for job training and community colleges and the like to help raise people's income and, again, i think that's very true to the constituency that elected him that, yes, people want the long-term fiscal problem solved but right now they are still interested in making sure this economy keeps moving forward. and, again, without claiming he has political capital, that's an issue where i think he's aligned not only with his own constituency but with a lot of other people, too. >> even in victory he reaches for consensus, chris. >> that's absolutely right. and he has gone above and beyond, no matter what the republicans say, he tried so hard to get republicans on board with health care to work with him time and time again and they just rebuffed him from the beginning. we'll see if they behaved this time around. >> we'll see. thank you for your time tonight. have a great weekend. >> thanks, you to
washington is obsessed with the deficit but the deficit wasn't the first issue that he talked about. the first issue he talked about was creating jobs and the programs that he wants to push through for job training and community colleges and the like to help raise people's income and, again, i think that's very true to the constituency that elected him that, yes, people want the long-term fiscal problem solved but right now they are still interested in making sure this economy keeps moving...
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Feb 2, 2010
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economic recovery and dealing with huge deficits. we are headed towards trillion dollar deficits when the economy is supposed to be recovering. that will destabilize the economic recovery just as much as cutting spending too much. it is a fine balancing act and you have to focus on both. >> your thoughts? >> history is on the other side of this question. my side. we are -- deficits are not only good for us, they are necessary to help us nurse the economy out of where it is now. in the 30s, franklin ruse vilt famously decided it is all over, everything is good. raised taxes, cut spending, went down into another deep recession. the similar downturns occurred before. the question really is do we talk a chance on her assumption or do we -- or do we play safe? >> we have to do both. the real challenge is here economic recovery, stimulating economy, putting in place a plan to bring the deficit down. we have that yet. we have to talk about the things politicians don't like talking about. raising taxes and cutting spending. not too quickly.
economic recovery and dealing with huge deficits. we are headed towards trillion dollar deficits when the economy is supposed to be recovering. that will destabilize the economic recovery just as much as cutting spending too much. it is a fine balancing act and you have to focus on both. >> your thoughts? >> history is on the other side of this question. my side. we are -- deficits are not only good for us, they are necessary to help us nurse the economy out of where it is now. in...
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Nov 12, 2010
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on currency and deficit issues. the trip has been overshadowed by political problems at home like whether to extend the tax cuts. savannah guthrie is traveling with the president. >> reporter: the president has wrapped up his time here in seoul. the g-20 summit is over. the president held his concluding news conference today and got a lot of questions about the bush tax cuts, specifically whether he has already decided how to compromise. your senior adviser david axelrod comments that your compromise is to temporarily extend the bush tax cuts. is that the wrong interpretation? >> that is the wrong interpretation because i haven't had a conversation with republican and democratic leaders. here is the right interpretation, i want to make sure that taxes don't go up for middle class families starting on january 1st. that is my number one priority, for those families and for our economy. i believe it would be fiscally irresponsible to permanently extend the high-income tax cuts. >> reporter: in a big setback the preside
on currency and deficit issues. the trip has been overshadowed by political problems at home like whether to extend the tax cuts. savannah guthrie is traveling with the president. >> reporter: the president has wrapped up his time here in seoul. the g-20 summit is over. the president held his concluding news conference today and got a lot of questions about the bush tax cuts, specifically whether he has already decided how to compromise. your senior adviser david axelrod comments that...
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Oct 1, 2012
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mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because they'll pay the burden if he is elected because the hole is just too big. and it will be interesting on wednesday. if he says he's not going to burden the middle class, then he's going to blow a hole in the deficit. >> will we see president obama here on "meet the press" before election day? >> well, there's 37 days left, so we'll stay in contact about it. >> all right. we hope to see him here. mr. plouffe, thank you. >> thank you, david. >>> coming up, what are the stakes for both campaigns? the roundtable will get into it. founder of
mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because...
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Jan 27, 2010
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so sej indication and deficit reduction. he will package that up and i really that this is his best vent sxu will connect well -- >> why is it, do you think? >> he is an incredible speaker and knows 60 million people are watching him and always risen to the challenge when -- at a time like this. tomorrow we will be talking about how he hit it out of the park and how this is the beginning. the republicans are still unpopular group. 30% favor built. much less than the president. so it is not as if people are walking a-to-them so fast. pea will remind people tonight why they voted for him and why they should stay with him. >> is he still working on the speech now? >> they are. it is interesting, i feel like probably most of the news in the speech has already been leaked in a series of stories over the last few days. so really i think what's left is how he reaches these kind of thematic high points that josh is talking about. >> or could there be a surprise? could there be something we weren't expecting or haven't heard? >> well
so sej indication and deficit reduction. he will package that up and i really that this is his best vent sxu will connect well -- >> why is it, do you think? >> he is an incredible speaker and knows 60 million people are watching him and always risen to the challenge when -- at a time like this. tomorrow we will be talking about how he hit it out of the park and how this is the beginning. the republicans are still unpopular group. 30% favor built. much less than the president. so it...
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Nov 10, 2012
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it's not part of the deficit. if you were to increase revenues in social security or decrease cost, that would not go into deficit reduction, it would go somewhere else. >> the democrats are in the driver's seat. there's one republican who has the power to make sure a deal is cooperative and satisfying to the american people. it's bajohn boehner. he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he still says that tax cuts are off the table. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about it? >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> boehner is boxing himself in by taking all tax increases off the table. e today the president repeated his intention to pass a bill keeping the tax cuts on anyone with income under $250,000. >> the senate has already passed a bill doing exactl
it's not part of the deficit. if you were to increase revenues in social security or decrease cost, that would not go into deficit reduction, it would go somewhere else. >> the democrats are in the driver's seat. there's one republican who has the power to make sure a deal is cooperative and satisfying to the american people. it's bajohn boehner. he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he...
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Nov 12, 2010
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so far as i know, he continues in that position. >> what about the deficit? we were just talking about that and the presidential commission recommending sweeping cuts across the board. for those of you who are coming in this year in particular and the message from the voters being so very clear to get the economy back up and running, do you think it's your responsibility to make those tough choices? and do you have like the -- like is the wrong word. do you accept many of the choices that you're seeing from the deficit reduction commission? >> very complex subject that is very difficult to reduce to a three-minute or 30-second answer. but generally, i feel that these proposals leave a lot to be desired. they will be attacked from both the right and the left. they will have trouble gaining the 14 votes that they needed even to be proposed in the final report. and in general, i feel in many respects they are very seriously misguided because they make the wrong choices. we need to get serious about cutting the debt and the deficit, but it can be done by attackin
so far as i know, he continues in that position. >> what about the deficit? we were just talking about that and the presidential commission recommending sweeping cuts across the board. for those of you who are coming in this year in particular and the message from the voters being so very clear to get the economy back up and running, do you think it's your responsibility to make those tough choices? and do you have like the -- like is the wrong word. do you accept many of the choices that...
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Dec 8, 2009
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you really need to stimulate jobs before you can get the deficit down. >> what kind of timeframe? if you got everything that the president outlined today, eliminating capital gains and short term for small business owners, what kind of impact would that have on the unemployment rate? >> i don't know the exact -- i'm not going to make a forecast of the exact number because i would need to know what exactly the size of the policies was going to be. but certainly the president's goal is that you would start to see that impact in 2010 that we would start doing it right away, that we don't sit around and doddle and wait on those. >> now, john mccain had some complaints today about some of the stimulus spending. he said that there's been a lot wasted. he talked about money that's been spent for jet plane -- to get jet planes, corporate jets sponsored. he had a whole list of pork. have you gone back and looked at some of the stimulus spending and checked out some of the things he has been complaining about? >> we looked at it very, very thoroughly and the vice president's office has take
you really need to stimulate jobs before you can get the deficit down. >> what kind of timeframe? if you got everything that the president outlined today, eliminating capital gains and short term for small business owners, what kind of impact would that have on the unemployment rate? >> i don't know the exact -- i'm not going to make a forecast of the exact number because i would need to know what exactly the size of the policies was going to be. but certainly the president's goal...
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Feb 3, 2010
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they handed you a $1.3 trillion deficit. vice president cheney famously said that in his opinion deficits didn't matter. he just flat-out said it. you know, that's wrong. it's bad economics. it's wrong. so we have a job to do. i think many people across the country candidly look at us and say i don't nope if the democrats are willing to take this on. they think we want to tax too much and spend too much and do we have the backbone to really stand up and make some of these hard decisions. now to your credit you've called for some things that aren't always popular in our party. the first thing i noticed when you put into effect that nonsecurity discretionary freezes, you got kicked in the shins and called for more restraint on earmarks. that's not always popular among our group. but to your credit you've called for those things. so my question to you, mr. president, is speaking to independents, conservative democrats, moderate republicans, people who know we have to do this, why should the democratic party be trusted and are w
they handed you a $1.3 trillion deficit. vice president cheney famously said that in his opinion deficits didn't matter. he just flat-out said it. you know, that's wrong. it's bad economics. it's wrong. so we have a job to do. i think many people across the country candidly look at us and say i don't nope if the democrats are willing to take this on. they think we want to tax too much and spend too much and do we have the backbone to really stand up and make some of these hard decisions. now to...